$EXR
Extra Space Storage Inc. Stock $exr

$exr Overview Financials Valuation SEC Filings Company Website

2014 Q2 Form 10-Q Financial Statement

#000110465914057883 Filed on August 07, 2014

Income Statement

Concept	2014 Q2	2013 Q2
Revenue	$160.7M	$126.2M
YoY Change	27.31%	32.96%
Cost Of Revenue	$42.29M	$33.46M
YoY Change	26.39%	28.64%
Gross Profit	$118.4M	$92.78M
YoY Change	27.64%	34.59%
Gross Profit Margin	73.69%	73.49%
Selling, General & Admin	$15.50M	$13.70M
YoY Change	13.14%	9.6%
% of Gross Profit	13.09%	14.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$28.27M	$22.79M
YoY Change	24.08%	37.04%
% of Gross Profit	23.87%	24.56%
Operating Expenses	$43.80M	$36.50M
YoY Change	20.0%	25.0%
Operating Profit	$70.66M	$53.38M
YoY Change	32.39%	40.92%
Interest Expense	$20.66M	$18.36M
YoY Change	12.5%	15.82%
% of Operating Profit	29.24%	34.4%
Other Income/Expense, Net
YoY Change
Pretax Income	$43.48M	$37.05M
YoY Change	17.37%	56.43%
Income Tax	$3.513M	$2.858M
% Of Pretax Income	8.08%	7.71%
Net Earnings	$41.67M	$34.47M
YoY Change	20.89%	53.78%
Net Earnings / Revenue	25.92%	27.3%
Basic Earnings Per Share	$0.36	$0.31
Diluted Earnings Per Share	$0.36	$0.31
COMMON SHARES
Basic Shares Outstanding	115.7M shares	110.7M shares
Diluted Shares Outstanding	121.3M shares	114.0M shares

Balance Sheet

Concept	2014 Q2	2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$53.90M	$206.9M
YoY Change	-73.95%	11.54%
Cash & Equivalents	$53.95M	$206.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$12.60M	$3.300M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$66.50M	$210.2M
YoY Change	-68.36%	4.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.941B	$3.028B
YoY Change	30.16%	32.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$86.80M	$101.7M
YoY Change	-14.65%	-19.09%
Other Assets	$20.70M	$20.50M
YoY Change	0.98%	-44.89%
Total Long-Term Assets	$4.142B	$3.222B
YoY Change	28.55%	28.54%
TOTAL ASSETS
Total Short-Term Assets	$66.50M	$210.2M
Total Long-Term Assets	$4.142B	$3.222B
Total Assets	$4.209B	$3.433B
YoY Change	22.61%	26.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$65.50M	$47.00M
YoY Change	39.36%	-0.21%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$65.50M	$47.00M
YoY Change	39.36%	-0.21%
LONG-TERM LIABILITIES
Long-Term Debt	$2.174B	$1.782B
YoY Change	21.97%	35.83%
Other Long-Term Liabilities	$39.00M	$13.70M
YoY Change	184.67%	-64.51%
Total Long-Term Liabilities	$2.213B	$1.796B
YoY Change	23.21%	32.96%
TOTAL LIABILITIES
Total Short-Term Liabilities	$65.50M	$47.00M
Total Long-Term Liabilities	$2.213B	$1.796B
Total Liabilities	$2.278B	$1.843B
YoY Change	23.62%	31.85%
SHAREHOLDERS EQUITY
Retained Earnings	-$247.9M	-$241.4M
YoY Change	2.68%	-7.61%
Common Stock	$1.982B	$1.767B
YoY Change	12.21%	15.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.737B	$1.530B
YoY Change
Total Liabilities & Shareholders Equity	$4.209B	$3.433B
YoY Change	22.61%	26.74%

Cashflow Statement

Concept	2014 Q2	2013 Q2
OPERATING ACTIVITIES
Net Income	$41.67M	$34.47M
YoY Change	20.89%	53.78%
Depreciation, Depletion And Amortization	$28.27M	$22.79M
YoY Change	24.08%	37.04%
Cash From Operating Activities	$103.2M	$75.50M
YoY Change	36.69%	45.75%
INVESTING ACTIVITIES
Capital Expenditures	-$47.20M	-$43.90M
YoY Change	7.52%	52.96%
Acquisitions
YoY Change
Other Investing Activities	-$9.600M	$200.0K
YoY Change	-4900.0%	-100.96%
Cash From Investing Activities	-$56.80M	-$43.80M
YoY Change	29.68%	-11.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-39.40M	139.7M
YoY Change	-128.2%	-4.05%
NET CHANGE
Cash From Operating Activities	103.2M	75.50M
Cash From Investing Activities	-56.80M	-43.80M
Cash From Financing Activities	-39.40M	139.7M
Net Change In Cash	7.000M	171.4M
YoY Change	-95.92%	15.89%
FREE CASH FLOW
Cash From Operating Activities	$103.2M	$75.50M
Capital Expenditures	-$47.20M	-$43.90M
Free Cash Flow	$150.4M	$119.4M
YoY Change	25.96%	48.32%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued	629380	shares
CY2014Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2014Q2	us-gaap	Share Price SharePrice	48.99
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	41665000	USD
CY2013Q2	us-gaap	Net Income Loss NetIncomeLoss	34466000	USD
	us-gaap	Net Income Loss NetIncomeLoss	65891000	USD
CY2014Q2	us-gaap	Undistributed Earnings UndistributedEarnings	125000	USD
CY2013Q2	us-gaap	Undistributed Earnings UndistributedEarnings	146000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	242000	USD
	us-gaap	Undistributed Earnings UndistributedEarnings	246000	USD
CY2014Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	41540000	USD
CY2013Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	34320000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	78763000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	65645000	USD
CY2014Q2	exr	Incremental Common Shares Attributable To Exchangeable Preferred Operating Partnership Units IncrementalCommonSharesAttributableToExchangeablePreferredOperatingPartnershipUnits	989980	shares
	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	246000	USD
CY2014Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-3315000	USD
CY2013Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-2624000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-5118000	USD
CY2014Q2	exr	Income Loss Attributable To Noncontrolling Interest Fixed Component IncomeLossAttributableToNoncontrollingInterestFixedComponent	1437000	USD
CY2013Q2	exr	Income Loss Attributable To Noncontrolling Interest Fixed Component IncomeLossAttributableToNoncontrollingInterestFixedComponent	1438000	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	121161292	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	114247520	shares
CY2014Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.36
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.68
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.59
CY2013Q2	exr	Gains Losses On Sales Of Real Estate And Earn Out From Prior Acquisition GainsLossesOnSalesOfRealEstateAndEarnOutFromPriorAcquisition	800000	USD
	exr	Gains Losses On Sales Of Real Estate And Earn Out From Prior Acquisition GainsLossesOnSalesOfRealEstateAndEarnOutFromPriorAcquisition	800000	USD
CY2014Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.36
	exr	Income Loss Attributable To Noncontrolling Interest Fixed Component IncomeLossAttributableToNoncontrollingInterestFixedComponent	2875000	USD
CY2014Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	43418000	USD
CY2013Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	35506000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	68134000	USD
CY2014Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	115653489	shares
CY2013Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	110731153	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	115546341	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	110523974	shares
	exr	Incremental Common Shares Attributable To Conversion Of Operating Partnership Units IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits	4334118	shares
	exr	Incremental Common Shares Attributable To Conversion Of Operating Partnership Units IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits	2898510	shares
CY2014Q2	exr	Gains Losses On Sales Of Real Estate And Earn Out From Prior Acquisition GainsLossesOnSalesOfRealEstateAndEarnOutFromPriorAcquisition	-7785000	USD
	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Restricted Stock Awards IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsRestrictedStockAwards	450530	shares
CY2014Q2	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions	276635	shares
CY2013Q2	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions	333318	shares
	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions	290853	shares
	exr	Incremental Common Shares Attributable To Share Based Payment Arrangements Stock Options IncrementalCommonSharesAttributableToShareBasedPaymentArrangementsStockOptions	374506	shares
CY2014Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	121254222	shares
CY2014Q2	exr	Incremental Common Shares Attributable To Conversion Of Operating Partnership Units IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits	4334118	shares
CY2013Q2	exr	Incremental Common Shares Attributable To Conversion Of Operating Partnership Units IncrementalCommonSharesAttributableToConversionOfOperatingPartnershipUnits	2898510	shares
CY2013Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	113962981	shares
CY2014Q2	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	-5701000	USD
	exr	Number Of Real Estate Properties Acquired NumberOfRealEstatePropertiesAcquired	29	property
	us-gaap	Business Combination Consideration Transferred Including Equity Interest In Acquiree Held Prior To Combination1 BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1	349152000	USD
	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	290522000	USD
CY2014Q2	exr	Real Estate Property Acquisition Assets Acquired Liabilities Assumed Net RealEstatePropertyAcquisitionAssetsAcquiredLiabilitiesAssumedNet	245000	USD
CY2014Q2	exr	Real Estate Property Acquisition Purchase Price Allocation Land RealEstatePropertyAcquisitionPurchasePriceAllocationLand	80786000	USD
CY2014Q2	exr	Real Estate Property Acquisition Purchase Price Allocation Building RealEstatePropertyAcquisitionPurchasePriceAllocationBuilding	261714000	USD
CY2014Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles	4754000	USD
	exr	Real Estate Property Acquisition Closing Costs Expensed RealEstatePropertyAcquisitionClosingCostsExpensed	1898000	USD
CY2014Q2	exr	Variable Interest Entity Interest In Trust Number VariableInterestEntityInterestInTrustNumber	3	item
CY2014Q2	exr	Variable Interest Entity Number Of Entities Consolidated VariableInterestEntityNumberOfEntitiesConsolidated	0	item
CY2014Q2	us-gaap	Derivative Number Of Instruments Held DerivativeNumberOfInstrumentsHeld	22	item
CY2014Q2	us-gaap	Derivative Lower Fixed Interest Rate Range DerivativeLowerFixedInterestRateRange	0.0279	pure
CY2014Q2	us-gaap	Derivative Higher Fixed Interest Rate Range DerivativeHigherFixedInterestRateRange	0.0632	pure
CY2014Q2	exr	Interest Rate Cash Flow Hedge Increase Decrease In Interest Expenses Due To Interest Payments InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments	2317000	USD
CY2013Q2	exr	Interest Rate Cash Flow Hedge Increase Decrease In Interest Expenses Due To Interest Payments InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments	2129000	USD
	exr	Interest Rate Cash Flow Hedge Increase Decrease In Interest Expenses Due To Interest Payments InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments	4282000	USD
	us-gaap	Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss	-12924000	USD
	us-gaap	Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss	15222000	USD
	us-gaap	Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet	-4610000	USD
	us-gaap	Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet	-4282000	USD
CY2014Q2	us-gaap	Credit Risk Derivative Liabilities At Fair Value CreditRiskDerivativeLiabilitiesAtFairValue	3194000	USD
CY2014Q2	exr	Credit Risk Derivative Liabilities Expected Termination Value On Settlement CreditRiskDerivativeLiabilitiesExpectedTerminationValueOnSettlement	3533000	USD
CY2014Q2	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	807	property
CY2014Q2	exr	Number Of Real Estate Properties Franchisees And Others NumberOfRealEstatePropertiesFranchiseesAndOthers	264	property
CY2014Q2	exr	Number Of Real Estate Properties Owned And Or Managed NumberOfRealEstatePropertiesOwnedAndOrManaged	1071	property
CY2014Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	35	state
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
	exr	Maximum Percentage Of Rental Income Accounted For By Single Tenant MaximumPercentageOfRentalIncomeAccountedForBySingleTenant	0.05	pure
	dei	Entity Registrant Name EntityRegistrantName	Extra Space Storage Inc.
	dei	Entity Central Index Key EntityCentralIndexKey	0001289490
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2014-06-30
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2014Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	116018391	shares
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
CY2014Q2	exr	Fair Value Assets Liabilities Transfer Between Level1 And Level2 Of Fair Value Hierarchy Amount FairValueAssetsLiabilitiesTransferBetweenLevel1AndLevel2OfFairValueHierarchyAmount	0	USD
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
	exr	Average Closing Market Price Measurement Period AverageClosingMarketPriceMeasurementPeriod	P10D
	exr	Basis Of Exchange Operating Partnership Units For Common Stock BasisOfExchangeOperatingPartnershipUnitsForCommonStock	one-for-one basis
CY2014Q2	exr	Common Stock Average Closing Market Price CommonStockAverageClosingMarketPrice	53.45
CY2013Q1	exr	Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property Prior To Acquisition MinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStoragePropertyPriorToAcquisition	0.950	pure
CY2014Q2	exr	Operating Partnership Units Redemption Amount OperatingPartnershipUnitsRedemptionAmount	231659000	USD
CY2014Q2	exr	Number Of Properties Under Construction NumberOfPropertiesUnderConstruction	1	property
CY2014Q2	exr	Number Of Properties Owned By Joint Venture NumberOfPropertiesOwnedByJointVenture	19	property
CY2013Q1	exr	Number Of Joint Venture Partners In Consolidated Self Storage Property Ownership Interest Acquired NumberOfJointVenturePartnersInConsolidatedSelfStoragePropertyOwnershipInterestAcquired	1	property
CY2013Q1	exr	Increase In Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property IncreaseInMinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty	0.017	pure
CY2013Q1	exr	Increase In Profit Interest Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property IncreaseInProfitInterestPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty	0.17	pure
CY2013Q1	exr	Payments To Acquire Interest In Joint Venture Partner In Consolidated Self Storage Property PaymentsToAcquireInterestInJointVenturePartnerInConsolidatedSelfStorageProperty	200000	USD
CY2013Q1	exr	Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property MinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty	0.967	pure
CY2013Q4	us-gaap	Assets Assets	3977140000	USD
CY2014Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	160240000	USD
CY2013Q2	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	126246000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	245568000	USD
CY2014Q2	us-gaap	Costs And Expenses CostsAndExpenses	89579000	USD
CY2013Q2	us-gaap	Costs And Expenses CostsAndExpenses	72871000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	145464000	USD
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	70661000	USD
CY2013Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	53375000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	100104000	USD
CY2014Q2	us-gaap	Interest And Debt Expense InterestAndDebtExpense	20658000	USD
CY2013Q2	us-gaap	Interest And Debt Expense InterestAndDebtExpense	18362000	USD
	us-gaap	Interest And Debt Expense InterestAndDebtExpense	35728000	USD
CY2014Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	712000	USD
CY2013Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	133000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	317000	USD
CY2014Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3513000	USD
CY2013Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2858000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	6343000	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	1325000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4866000	USD
CY2014Q2	us-gaap	Profit Loss ProfitLoss	46008000	USD
CY2013Q2	us-gaap	Profit Loss ProfitLoss	37101000	USD
	us-gaap	Profit Loss ProfitLoss	87217000	USD
	us-gaap	Profit Loss ProfitLoss	71032000	USD
CY2014Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	28271000	USD
CY2014Q2	exr	Interest Income On Note Receivable From Preferred Partnership Unit Holders InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders	1212000	USD
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	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	45810000	USD
CY2013Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	3636544000	USD
CY2013Q4	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	88125000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	126723000	USD
CY2013Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	21451000	USD
CY2013Q4	us-gaap	Due From Related Parties DueFromRelatedParties	7542000	USD
CY2013Q4	us-gaap	Other Assets OtherAssets	96755000	USD
CY2013Q4	us-gaap	Secured Debt SecuredDebt	1588596000	USD
CY2013Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-4948000	USD
CY2013Q4	us-gaap	Convertible Debt ConvertibleDebt	250000000	USD
CY2013Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	16487000	USD
CY2013Q4	us-gaap	Other Notes Payable OtherNotesPayable	119590000	USD
CY2014Q2	us-gaap	Line Of Credit LineOfCredit	10000000	USD
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CY2013Q4	us-gaap	Other Liabilities OtherLiabilities	37997000	USD
CY2013Q4	us-gaap	Liabilities Liabilities	2045245000	USD
CY2013Q4	us-gaap	Common Stock Value CommonStockValue	1157000	USD
CY2013Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1973159000	USD
CY2013Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	10156000	USD
CY2013Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-226002000	USD
CY2013Q4	us-gaap	Stockholders Equity StockholdersEquity	1758470000	USD
CY2013Q4	us-gaap	Minority Interest In Preferred Unit Holders MinorityInterestInPreferredUnitHolders	80947000	USD
CY2013Q4	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	91453000	USD
CY2013Q4	us-gaap	Other Minority Interests OtherMinorityInterests	1025000	USD
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1931895000	USD
CY2013Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3977140000	USD
CY2013Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2014Q2	us-gaap	Common Stock Value CommonStockValue	1160000	USD
CY2014Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1981186000	USD
CY2014Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	2073000	USD
CY2014Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-247871000	USD
CY2014Q2	us-gaap	Stockholders Equity StockholdersEquity	1736548000	USD
CY2014Q2	us-gaap	Minority Interest In Preferred Unit Holders MinorityInterestInPreferredUnitHolders	102799000	USD
CY2014Q2	us-gaap	Minority Interest In Operating Partnerships MinorityInterestInOperatingPartnerships	90332000	USD
CY2014Q2	us-gaap	Other Minority Interests OtherMinorityInterests	1029000	USD
CY2014Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1930708000	USD
CY2014Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4208890000	USD
CY2014Q2	us-gaap	Assets Assets	4208890000	USD
CY2014Q2	us-gaap	Liabilities Liabilities	2278182000	USD
CY2013Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	115755527	shares
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	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-5317000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	2427000	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	3189000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	167759000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	126551000	USD
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	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-800000	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	3526000	USD
	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	2336000	USD
	us-gaap	Payments To Acquire Furniture And Fixtures PaymentsToAcquireFurnitureAndFixtures	1478000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-313442000	USD
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	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	41000	USD
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	5552000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	72218000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	5393000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	116662000	USD
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	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	100874000	USD
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	9229000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	72905000	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	176147000	USD
	us-gaap	Interest Paid Net InterestPaidNet	33859000	USD
	us-gaap	Interest Paid Net InterestPaidNet	32548000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	3050000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1198000	USD
	us-gaap	Proceeds And Excess Tax Benefit From Sharebased Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation	2679000	USD
	us-gaap	Proceeds And Excess Tax Benefit From Sharebased Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation	3426000	USD
	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	2679000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-6443000	USD
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	us-gaap	Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet	3426000	USD
	exr	Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired	55308000	USD
	exr	Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired NoncashOrPartNoncashAcquisitionNetRealEstateAssetsAcquired	15503000	USD
	us-gaap	Business Combination Consideration Transferred Equity Interests Issued And Issuable BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable	22118000	USD
	us-gaap	Business Combination Consideration Transferred Equity Interests Issued And Issuable BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable	6130000	USD
	exr	Receivable Eliminated Due To Acquisition Of Joint Venture Partner Interest ReceivableEliminatedDueToAcquisitionOfJointVenturePartnerInterest	-2251000	USD
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">1.</font></b><b><font style="FONT-SIZE: 3pt; FONT-WEIGHT: bold;" size="1">             </font></b> <b><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">ORGANIZATION</font></b></p> <p style="TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 0.25in;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Extra Space Storage Inc. (the “Company”) is a fully-integrated, self-administered and self-managed real estate investment trust (“REIT”), formed as a Maryland corporation on April 30, 2004, to own, operate, manage, acquire, develop and redevelop professionally managed self-storage facilities located throughout the United States. The Company continues the business of Extra Space Storage LLC and its subsidiaries, which had engaged in the self-storage business since 1977. The Company’s interest in its properties is held through its operating partnership, Extra Space Storage LP (the “Operating Partnership”), which was formed on May 5, 2004. The Company’s primary assets are general partner and limited partner interests in the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT (“UPREIT”). The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended.  To the extent the Company continues to qualify as a REIT, it will not be subject to tax, with certain limited exceptions, on the taxable income that is distributed to its stockholders.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The Company invests in self-storage facilities by acquiring wholly-owned facilities or by acquiring an equity interest in real estate entities.  At June 30, 2014, the Company had direct and indirect equity interests in 807 operating storage facilities.  In addition, the Company managed 264 properties for third parties, bringing the total number of operating properties which it owns and/or manages to 1,071.  These properties are located in 35 states, Washington, D.C. and Puerto Rico.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The Company operates in three distinct segments: (1) rental operations; (2) tenant reinsurance; and (3) property management, acquisition and development. The rental operations activities include rental operations of self-storage facilities in which we have an ownership interest. No single tenant accounts for more than 5% of rental income.  Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company’s self-storage facilities. The Company’s property management, acquisition and development activities include managing, acquiring, developing and selling self-storage facilities.</font></p> </div>
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	33190000	USD
	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	7122000	USD
	exr	Partner Capital Account Units Issued PartnerCapitalAccountUnitsIssued	22117000	USD
	exr	Real Estate Property Acquisition Previous Equity Interest RealEstatePropertyAcquisitionPreviousEquityInterest	129000	USD
	exr	Gains Losses On Sales Of Real Estate And Earn Out From Prior Acquisition GainsLossesOnSalesOfRealEstateAndEarnOutFromPriorAcquisition	-7785000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	296920000	USD
CY2013Q2	exr	Increase In Profit Interest Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property IncreaseInProfitInterestPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty	0.350	pure
CY2013Q2	exr	Increase In Minority Interest Ownership Percentage By Parent In Joint Venture Partner In Consolidated Self Storage Property IncreaseInMinorityInterestOwnershipPercentageByParentInJointVenturePartnerInConsolidatedSelfStorageProperty	0.277	pure
CY2013Q2	exr	Payments To Acquire Interest In Joint Venture Partner In Consolidated Self Storage Property PaymentsToAcquireInterestInJointVenturePartnerInConsolidatedSelfStorageProperty	950000	USD
CY2014Q2	us-gaap	Interest Rate Cash Flow Hedge Asset At Fair Value InterestRateCashFlowHedgeAssetAtFairValue	4691000	USD
CY2013Q4	us-gaap	Interest Rate Cash Flow Hedge Asset At Fair Value InterestRateCashFlowHedgeAssetAtFairValue	13630000	USD
CY2014Q2	us-gaap	Interest Rate Cash Flow Hedge Liability At Fair Value InterestRateCashFlowHedgeLiabilityAtFairValue	3194000	USD
CY2013Q4	us-gaap	Interest Rate Cash Flow Hedge Liability At Fair Value InterestRateCashFlowHedgeLiabilityAtFairValue	3684000	USD
	us-gaap	Real Estate Revenue Net RealEstateRevenueNet	312420000	USD
	us-gaap	Costs And Expenses CostsAndExpenses	181361000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	131059000	USD
	us-gaap	Interest And Debt Expense InterestAndDebtExpense	40256000	USD
	us-gaap	Investment Income Interest InvestmentIncomeInterest	981000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	56646000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	85099000	USD
	us-gaap	Net Income Loss NetIncomeLoss	79005000	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30785000	USD
CY2014Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	53945000	USD
CY2013Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	206932000	USD
	exr	Interest Rate Cash Flow Hedge Increase Decrease In Interest Expenses Due To Interest Payments InterestRateCashFlowHedgeIncreaseDecreaseInInterestExpensesDueToInterestPayments	4610000	USD
CY2014Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	3941042000	USD
CY2014Q2	us-gaap	Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures	86794000	USD
CY2014Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	20651000	USD
CY2014Q2	us-gaap	Due From Related Parties DueFromRelatedParties	12640000	USD
CY2014Q2	us-gaap	Other Assets OtherAssets	93818000	USD
CY2014Q2	us-gaap	Secured Debt SecuredDebt	1794049000	USD
CY2014Q2	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-4775000	USD
CY2014Q2	us-gaap	Convertible Debt ConvertibleDebt	250000000	USD
CY2014Q2	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	14787000	USD
CY2014Q2	us-gaap	Other Notes Payable OtherNotesPayable	119590000	USD
CY2014Q2	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	65539000	USD
CY2014Q2	us-gaap	Other Liabilities OtherLiabilities	49016000	USD
	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	270779000	USD
	us-gaap	Direct Premiums Earned DirectPremiumsEarned	27971000	USD
	us-gaap	Management Fees Revenue ManagementFeesRevenue	13670000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	85776000	USD
	exr	Tenant Reinsurance Expense TenantReinsuranceExpense	5203000	USD
	exr	Acquisition Related Costs AcquisitionRelatedCosts	3449000	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	30287000	USD
CY2014Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	-7785000	USD
	us-gaap	Interest Expense InterestExpense	40256000	USD
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	-7785000	USD
CY2014Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	4097000	USD
	exr	Interest Income On Note Receivable From Preferred Partnership Unit Holders InterestIncomeOnNoteReceivableFromPreferredPartnershipUnitHolders	2425000	USD
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	5023000	USD
	exr	Gain Loss On Sale Of Real Estate Assets And Purchase Of Partners Interests GainLossOnSaleOfRealEstateAssetsAndPurchaseOfPartnersInterests	3438000	USD
	us-gaap	Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable	5304000	USD
	exr	Minority Interest In Net Income Loss Operating Partnerships And Other MinorityInterestInNetIncomeLossOperatingPartnershipsAndOther	2908000	USD
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.59
CY2013Q2	exr	Number Of Self Storage Properties Which Portion Of Land Condemned NumberOfSelfStoragePropertiesWhichPortionOfLandCondemned	1	property
CY2013Q2	us-gaap	Gain Loss On Condemnation GainLossOnCondemnation	800000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	59704000	USD
CY2013Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.31
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	5958000	USD
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	2332000	USD
	us-gaap	Proceeds From Sale Of Other Real Estate ProceedsFromSaleOfOtherRealEstate	929000	USD
	exr	Gains Losses On Earn Out From Prior Acquisition GainsLossesOnEarnOutFromPriorAcquisition	-7785000	USD
	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	1000	USD

Files In Submission

Name	View Source	Status
0001104659-14-057883-index-headers.html	Edgar Link	pending
0001104659-14-057883-index.html	Edgar Link	pending
0001104659-14-057883.txt	Edgar Link	pending
0001104659-14-057883-xbrl.zip	Edgar Link	pending
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$EXR
Extra Space Storage Inc. Stock $exr

2014 Q2 Form 10-Q Financial Statement

#000110465914057883 Filed on August 07, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EXR Extra Space Storage Inc. Stock $exr

2014 Q2 Form 10-Q Financial Statement

#000110465914057883 Filed on August 07, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EXR
Extra Space Storage Inc. Stock $exr